Laminated Busbar Market Share, Growth Forecast- Global Industry Outlook 2031
“The laminated busbar market is projected to grow at a CAGR of 6.21%, from 2022 to 2031.”
The Laminated Busbar Market is estimated to be USD 743.2 million in 2022 and is projected to grow at a CAGR of 6.21%, during the forecast period, to reach USD 1,004.5 million by 2031. The increasing demand for electric and hybrid electric vehicles to reduce pollution in tier 1 and tier 2 cities around the world and the increased share of renewable energies in the primary energy mix are driving the laminated busbar market.
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“The copper segment is expected to account for the largest share of the laminated busbar market, by conductor, during the forecast period.”
The copper segment held the largest share of the laminated busbar market, by conductor, in 2016. Copper is preferred over aluminum for laminated busbars due to its inherent properties such as high conductivity, resistance to damage, and lower coefficient of linear expansion. Therefore, the copper segment is expected to lead the laminated busbar market during the forecast period.
“Europe: The largest market for laminated busbars.”
Europe is the largest market for laminated busbars, followed by Asia Pacific and North America. The increased demand for electric vehicles and hybrid electric vehicles due to favorable government policies in countries such as Germany, France, Denmark, and the UK is expected to drive the laminated busbar market during the forecast period. Europe is home to several renewable energy technology companies. Thus, the increasing share of renewable energies in the primary energy mix is expected to create a demand for laminated busbars.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, Tier 3- 20%
By Designation: C-Level- 35%, D-Level- 25%, Others- 40%
By Region: North America- 30%, Europe- 10%, Asia Pacific- 20%, South America- 5%, Middle East & Africa- 35%
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Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 1 billion, Tier 2 = USD 1 billion to USD 500 million, and Tier 3 = The leading players in the laminated busbar markets are Rogers Corporation (US), Amphenol Corporation (US), Mersen (France), Idealec SAS (France), and Sun King Power Electronics Group Limited (China).
The report provides a picture of the laminated busbar market across the various end-user segments and regions. It aims at estimating the market size and future growth potential of the market across different segments, such as insulation material, conductor, end-user, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
For the purpose of this report, the market has been segmented on the basis of insulation material, end-user, conductor, and region, with a focus on industry analysis (industry trends), market ranking of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the laminated busbar market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the laminated busbar market
• Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the laminated busbar market across regions
• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global laminated busbar market
Why buy this report?
1. The report identifies and addresses key markets for the implementation of laminated busbars in the various end-user segments, which would help manufacturers review the growth in demand.
2. The report helps solutions providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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